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Strategies & Market Trends : Income Taxes and Record Keeping ( tax ) -- Ignore unavailable to you. Want to Upgrade?

To: dawgfan2000 who wrote (3376)	11/15/2000 1:42:43 PM
From: Gorak Shep	Read Replies (1) \| Respond to of 5810

For the wash sale rules within the 31 day time period, is that based on the Social Security number or the brokerage account number? The wash sale rules can get complicated but in the simple case you ask about, separate brokerage accounts for the same owner does not release you from the wash sale rules. If you sell for tax loss in the first account and buy back within the wash sale period in a second account, your tax loss will be denied by the wash sale rule although the loss can be added to increase your basis in the newly bought shares. This is not a viable end run of the rules. BTW, the period is 61 calendar days including the trading day and 30 days before and after.